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Decision-Making: A Neuroeconomic Perspective

Author

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  • Hardy-Vallee, Benoit

Abstract

This article introduces and discusses from a philosophical point of view the nascent field of neuroeconomics, which is the study of neural mechanisms involved in decision-making and their economic significance. Following a survey of the ways in which decision-making is usually construed in philosophy, economics and psychology, I review many important findings in neuroeconomics to show that they suggest a revised picture of decision-making and ourselves as choosing agents. Finally, I outline a neuroeconomic account of irrationality.

Suggested Citation

  • Hardy-Vallee, Benoit, 2007. "Decision-Making: A Neuroeconomic Perspective," MPRA Paper 4010, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:4010
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    File URL: https://mpra.ub.uni-muenchen.de/4010/1/MPRA_paper_4010.pdf
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    Citations

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    Cited by:

    1. John A Clithero & Dharol Tankersley & Scott A Huettel, 2008. "Foundations of Neuroeconomics: From Philosophy to Practice," PLOS Biology, Public Library of Science, vol. 6(11), pages 1-6, November.
    2. Aneta Kargol-Wasiluk & Anna Wildowicz-Giegiel & Marian Zalesko, 2018. "The Evolution of the Economic Man. From Homo Oeconomicus to Homo Moralis," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 1, pages 33-57.

    More about this item

    Keywords

    neuroeconomics; decision-making; rationality; ultimatum; philosophy; psychology;
    All these keywords.

    JEL classification:

    • B50 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - General
    • D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles

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